Cheap Apartments for Rent in Island, KY from $500 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Island.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-28, Page 1 of 1

Island, KY Local Guide

Cheapest Available Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Island, KY is a 1 Bed unit found at Graystone Henderson in the Henderson North End neighborhood priced from $599. Ambassador Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Graystone Henderson1 Bedroom1BR,1BA$599
Ambassador VillasAmbassador 1 BD1BR,1BA$675
Embassy Apartments0.1Studio,1BA$680
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Village GreenCypress1BR,1BA$700
Willow RunThe Hampton1BR,1BA$730
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Addison PlaceWindsor1BR,1BA$799
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$800
Parkside Apartments2 Bedroom2BR,1BA$825

Best Value Apartments for Rent in Island, KY and Nearby

As of July 22, 2025 the best value apartment in the Island area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Island apartment is the 2 Bed Duplex Model at Cottonwood starting at $1,100 with a $1.05 price per square foot . Here is today’s list of the best values for Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
Cottonwood2 Bed Duplex2BR,1.5BA$1.05
Indian WoodsThe Oak2BR,1BA$1.13
Keystone Apartments2 Bedroom2BR,1BA$1.06
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Abbey Court ApartmentsLiverpool1BR,1BA$1.06
Parkside Apartments2 Bedroom2BR,1BA$1.03
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96
Addison PlaceWindsor1BR,1BA$1.21
Graystone Henderson1 Bedroom1BR,1BA$1.20

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Island, KY Rentals by Map

Decorative image of map

See the most popular apartments and homes in Island, KY

View Map
Island, KY Apartments Map
View Map
Island, KY Rental Homes Map

Getting Around Island, KY

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Island Apartments

What is the Cheapest Studio apartment in Island?

Currently the most affordable Cheap Studio Apartment in Island is at Embassy Apartments listed at $680.

How much is rent for a Cheap One Bedroom Island Apartment?

The lowest price for a Cheap One Bedroom Island Apartment is $599 at Graystone Henderson.

What is the lowest price for a Cheap Two Bedroom Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Island is starting from $800 at Ambassador Villas.

What is the most affordable Island Three Bedroom Apartment?

The best deal on a cheap Island Three Bedroom Apartment rental is at Royal Arms of Owensboro and starts from $1,330.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.